I often get asked whether people can still buy a home with no downpayment. The answer is YES, 100 % financing is still an option. There have been a lot of changes in the mortgage rules and regulations in the last few years, and this has confused a lot of people. The mortgage market seems to have tightened up quite a bit, making it seem as if the dream of homeownership is just that – a dream.This is, however, not the case.
There will be costs associated with this though, nothing’s as easy as we hope, however, these costs will be manageable to most folks. Appraisal and legal fees will be needed to acquire such a mortgage, but those will in all liklihood be less than $1500.00. It may be that getting yourself into your own home isn’t as difficult as you may think.
You are probably paying more in rent now than your mortgage payments would be. This is money going out every month that you won’t see ever again. There will be some requirememnts, but don’t allow the thought of that stop you from investigating your options.
If this seems like an option for you, why not give me a phone call and we can discuss how to get you into a home of your own. Pick up the phone, talk to me and I will put you in touch with the people who can make this happen. Too many people don’t ask questions because of the answer they may get. Don’t be one of them, pick up the phone and give me a call. I may be able to help.